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Feb 17, 2013
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i think fundamentally it's because the economy is a steel of poor economy. per capita income is still 18% of the u.s. per capita income. a long way for the chinese economy to go to catch up. so fundamentally they're still basic forces, both on the demand side, supply side so forth to push the economy to grow reasonably fast. >> people have been talking about corruption in china because over the last few months we've heard a lot of stories, various members of standing committee and this is generally a conversation even beyond that that there is more than people think there is just gets hidden. is corruption a big problem in china? >> yes, it is a problem. it is a political problem more than an economic problem. >> why is it an economic problem? >> i often joke, this is, i warn people and this is oversimplifying fine line. i often joke that in china corruption is done. things and investments are done. where many parts of the world corruption happens without actual investments being done. which is better? of course, i'm not defending corruption. >> but pro-grow
i think fundamentally it's because the economy is a steel of poor economy. per capita income is still 18% of the u.s. per capita income. a long way for the chinese economy to go to catch up. so fundamentally they're still basic forces, both on the demand side, supply side so forth to push the economy to grow reasonably fast. >> people have been talking about corruption in china because over the last few months we've heard a lot of stories, various members of standing committee and this is...
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Feb 19, 2013
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economy. but this he know it's billions. we've seen estimates from a few billion to as much as $100 billion a year of lost american business because of chinese hacking. and critics of chinese hack ig say what china lacks in innovation it makes up in the intellectual property theft. the cyber security firm mandian says the sure scale and duration of the sustained attacks against a wide set of industries from a singularly identified group in china leaves little doubt about the organization behind the group. they hit 141 organizations in 20 different industries. mandiant says the attacks targeted organizations in the u.s. the chinese defense ministry says the military has never supported any hacker activities but outgoing defense secretary lee on panetta voiced concern that a cyber attack could be crippling. wall street, the financial system, our ability to process credit cards. and earlier this month the president signed an executive order addressing the most basic cyber security needs mentioning this in his states of the unio
economy. but this he know it's billions. we've seen estimates from a few billion to as much as $100 billion a year of lost american business because of chinese hacking. and critics of chinese hack ig say what china lacks in innovation it makes up in the intellectual property theft. the cyber security firm mandian says the sure scale and duration of the sustained attacks against a wide set of industries from a singularly identified group in china leaves little doubt about the organization behind...
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Feb 20, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie, delay the cuts for another few months or two, actually come up with a major plan to slash the debt. number two is not going to happen. the punt, i kind of like. anyway, that won't happen. number one has a decent chance. number one has failed, too. after all, the feared forced cuts are only 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at this point, are the cuts inevitable? why is the president still talking about it? >> well, we're ten days away and it seems like the republicans really don't want to do anything to fend off this crisis. you said sequester is an odd word. in a lot of languages, it means kidnap. it's sort of a kidnap situation because the economy is kidnapped, fearing t
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie, delay the cuts for another few months or two, actually come up with a major plan to slash the debt. number two is not going to happen. the punt, i kind of like. anyway, that won't happen. number one has a decent chance. number one has failed, too....
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Feb 23, 2013
02/13
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. decolletage, decollet >>> he was one of the biggest starts to emerge from last summer's olympic games, now, oscar pistorius, also known as "the blade runner" is charged with murdering his girlfriend. his bail hearing was full of drama, from pistorius breaking down emotionally to a detective getting pulled from the case after his own unrelated murder charges came to light. and it all culminated with the judge's ruling. >> the affidavit, and the way that he did, placing it before the court, together with the fact that none of the factors that need to be established have been established, i come to the conclusion that the accused has made a case to be released on bail. >> now, from johannanesburg, where do you think we go from here? how long before the actual trial, for examp
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. decolletage, decollet >>> he was one of the biggest starts to emerge from last summer's olympic games, now, oscar pistorius, also known as "the blade runner" is charged with...
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Feb 21, 2013
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labor secretary to bill clinton and author of "beyond outrage," what's gone wrong with our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices. now it's time for the speaker to do the same." then he had a link to an 80-page proposal from september, including war savings, it includes tax reform, which of course they want. it doesn't fully lay it out by any stretch of the imagination. so jay carney was asked what specifically will the white house cut and here's what jay carney said. >> it's in the proposals he submitted to the speaker of the house that the speaker walked away from -- >> where does the president prevent sequestration from happening? shouldn't the president take the lead and present that -- >> well, first of all, congress has to act. >> al
labor secretary to bill clinton and author of "beyond outrage," what's gone wrong with our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices....
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Feb 21, 2013
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now that is money that doesn't go into the economy. now while it's true that they pay more in taxes, the taxes are not in the united states of america what holds up the economy, the earnings and job growth and everything like that holds it up. that is millions and millions of dollars not going into the economy because of things like that. that's just one example. >> give us an example, i you know have our own, you have been married to your partner for quite sometime. you were married in south africa several years ago. how does it impact you personally? >> it impacts me personally it's no secret or you would hope somebody in my position would be a very wealthy woman and when i die if k. t. were still alive or vice versa, k. t. or myself we'll lose over 50% or approximately 50% of our estate to estate taxes. if we were married and recognized on the federal level we would not owe one penny of tax. how would all the heterosexuals that were married if they knew upon the death of one of them if they have a certain size of estate they will lo
now that is money that doesn't go into the economy. now while it's true that they pay more in taxes, the taxes are not in the united states of america what holds up the economy, the earnings and job growth and everything like that holds it up. that is millions and millions of dollars not going into the economy because of things like that. that's just one example. >> give us an example, i you know have our own, you have been married to your partner for quite sometime. you were married in...
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tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney pointed to the grand bargain mr. obama failed to reach with house speaker john boehner two careers ago. >> when you ask where's the president's plan, it's been there. it's at whitehouse.gov. >> a budget plan for the long term, where is -- >> the president -- >> the president take the lead and -- >> first of all, congress has to act. >> reporter: less than two months since the fiscal cliff that resulted in tax increases on wealthy americans. boehner notes the idea for the automatic cuts originated in the white house adding mr. president, we agree that your sequester is bad policy. what spending are you willing to cut t
tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney...
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Feb 19, 2013
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to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now, for two yoers, i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that could achieve the same amount of health care savings by the beginning of the next decade as the reforms that were proposed by the bipartisan simpson-bowles commission. i'm willing to save hundreds of billions of dollars by getting rid of tax loop heels and deductions for the well off and well connected without raising tax rates. i believe such a balanced approach that combines tax reform with some additional spending reforms done in a smart, thoughtful way, is the best way to finish the job of deficit reduction and avoid these cuts once and for all that could hurt our economy, slow our recovery, put people out
to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now, for two yoers, i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that could achieve the same amount of health care savings by the...
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Feb 20, 2013
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they will hurt the economy. they will add 100,000 americans to the unemployment rolls this is not abstract. the unemployment rate might tick up again. >> the president criticized republican ideas because they "ask nothing of the wealthiest americans or big corporations." soledad talked with he sign bowles about preventing deep cuts. he will talk about the bill he drew up. >>> massive protests in athens, groes. two unions are holding a general 24-hour strike. protesting something that people in greece have been furious about. a austerity. >>> all right this is a bumper sticker. a tennessee police officer not an ohio state football fan. he accused the buckeye sticker on their bumper with a pot leaf. bonnie and her husband were driving home from a funeral in ohio when they were pulled over. the officer told the woman she needed to scrape the marijuana sticker off her car. after the couple set the officer straight, he let them go without a ticket. >> the stickers that go on all the ohio state buckeye helmets. >> i w
they will hurt the economy. they will add 100,000 americans to the unemployment rolls this is not abstract. the unemployment rate might tick up again. >> the president criticized republican ideas because they "ask nothing of the wealthiest americans or big corporations." soledad talked with he sign bowles about preventing deep cuts. he will talk about the bill he drew up. >>> massive protests in athens, groes. two unions are holding a general 24-hour strike. protesting...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. wr wr skwi wr. >>> joe carter has this morning's bleacher report. good morning. >> for the past five weeks, when a school earns the right to be number one in college basketball, they lose the ranking in the same week because they lose to a lesser opponent. number one indiana and victor olo oladipo to victory. magic johnson, part of the broadcast team, compared oladipo to michael jordan and dwyane wade. for the first time in 22 years, indiana beats michigan state on the road. >>> boy, oh, boy. joe johnson the hero for the brooklyn nets last night. he hit not one, but two shots to help his team win in overtime again. that three-pointer forced overtime and then back to john in overtime. he nails this shot for the ball game. the nets, 5-0 in overtime. nba best 10-0 in overtime last season. >>> a bet a bar bet started this this drummond, wisconsin. makeshift barstools race in the snow. use anything around the house you can find, attach it to a bar school a
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. wr wr skwi wr. >>> joe carter has this morning's bleacher report. good morning. >> for the past five weeks, when a school earns the right to be number one in college basketball, they lose the ranking in the same week because they lose to a lesser opponent. number one indiana and victor olo oladipo to victory. magic johnson, part of the broadcast team,...
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. >> fuel economy is rising, people are reacting. things are moving in the right direction on that front. >> the number of people who own a chevy volt small but growing. >> we're growing and we've mandated big improvements in fuel economy so people might over time be saving money even if gas prices go up because they're using less per gallon. >> let's talk about what's trending online, hackers having a beef with burger king, bk, say it's not so. people hacking into the fast food chain's twitter page swapping the golden arches of mcdonalds for the burger king logo, made it seem burger king had been bought out by mcdonald's. >>> michael jackson's oldest son prince may be the next king of entertainme entertainment. his first assignment on "entertainment tonight" the great and powerful, remember his father played the scarecrow in "the wiz" with diana ross. 16 years old, already a correspondent. >> the anthem is classic. >> i feel confident he'll do just fine. >>> ahead on "starting point" we're following developing stories on the oscar p
. >> fuel economy is rising, people are reacting. things are moving in the right direction on that front. >> the number of people who own a chevy volt small but growing. >> we're growing and we've mandated big improvements in fuel economy so people might over time be saving money even if gas prices go up because they're using less per gallon. >> let's talk about what's trending online, hackers having a beef with burger king, bk, say it's not so. people hacking into the...
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threat of these cuts not well thought through, not smart, not fair, hurt our economy. this is not an abstraction. people will lose their jobs. >> that's a shortened version of what the president had to say. let's go in depth with our chief white house correspondent, jessica yellin, who is here. this is a big issue right now. >> it really is, wolf. and it's just ten days now until these forced budget cuts go into effect. top administration officials tell me, if that happens, the president believes the politics are on his side. with congress out of town, president obama took to the bully pulpit, warning about the effects of forced spending cuts that hit every part of government next friday. >> there is a smarter way to do this, to reduce our deficits without harming our economy. >> reporter: he's talking about more than $1 trillion in painful cuts that can still be avoided if congress reaches agreement on deficit reduction. the package of cuts came from the 2011 debt ceiling deal, and it was never meant to go into effect. during the presidential campaign, mr. obama said
threat of these cuts not well thought through, not smart, not fair, hurt our economy. this is not an abstraction. people will lose their jobs. >> that's a shortened version of what the president had to say. let's go in depth with our chief white house correspondent, jessica yellin, who is here. this is a big issue right now. >> it really is, wolf. and it's just ten days now until these forced budget cuts go into effect. top administration officials tell me, if that happens, the...
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that's -- how bad is the economy that you've got to take a job like that? 16-year-old boys are the worst customers in the world. they're laughing. they're throwing quarters at them. they don't appreciate it. >> wendy, we're laughing. it sounds funny. do you see this as kind of a serious big no-no, too? >> there are two points i need to make right now. one is this mom is obviously doing as she once did because she's 33 years old and has a 16-year-old which means she was pregnant at 16. okay, first thing. enough said. and the second thing is because our culture has become so highly sexualized and we're using sexy bodies to sell these kids pretty much any product and half of them are naked on facebook, nobody polices that, she sort of lost sight about where the laws are in our culture. and i think facebook should get on and taking the six packs and eight packs of 12-year-old boys off facebook and the little girls with the cleavage when they're 13 and the duck face, they have to go. >> words of which isdom by wend there. all right. tom, chris, lani, wendy, than
that's -- how bad is the economy that you've got to take a job like that? 16-year-old boys are the worst customers in the world. they're laughing. they're throwing quarters at them. they don't appreciate it. >> wendy, we're laughing. it sounds funny. do you see this as kind of a serious big no-no, too? >> there are two points i need to make right now. one is this mom is obviously doing as she once did because she's 33 years old and has a 16-year-old which means she was pregnant at...
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Feb 23, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> you've heard the big numbers. $1.2 trillion in cuts over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the president's sequester and the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result. >> the forced budget cut were created during the 2011 debt ceiling debacle passed by congress and signed by the white house. a worst case scenario that would be so bad, it would force lawmakers to make a deal. now it's become a poison pill that the nation may have to swallow beginning march 1st. and if it happens it, 70,000 children kicked off head start programs putting more than 14,000 teaching and staff jobs at risk. fewer inspections for things like horse meat in your burgers. cuts to mental health programs mean almost 400,000 seriously mentally ill
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> you've heard the big numbers. $1.2 trillion in cuts over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the president's sequester and the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result. >> the forced...